Market Research Future published a research report on “Ethernet Switch Market Research Report - Global Forecast till 2027” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027.
The ethernet switch market is anticipated to grow by US$6.84 billion by 2023 rapidly growing at a CAGR of 4.07% during the forecast period 2017 - 2023. The global ethernet switch market is driven by growing number of data centers around the world and increasing usage of big data analytics. These factors have helped shape the ethernet switch market and are expected to boost the growth. Companies in the ethernet switch market could also face challenges such as lack of trained professionals and unavailability of well-equipped infrastructure. The details covered in the ethernet switch market report cover all the aspects of the industry. ethernet switch market analysts have also shared growth projections in the report and have suggested Ethernet Switch Market players to plan growth strategies accordingly.
The global ethernet switch market has been segmented based on product type, switching ports, and end-user. On the basis of product type, the market for ethernet switch is segmented based on fixed configuration ethernet switches (unmanaged switches, modular ethernet switches, smart switches, and managed L2 and L3 switches.. Additionally, the market on the basis of switching ports, is segmented into 100ME and 1GbE, 10GbE, 40GbE and 100GbE. The global market for ethernet switch is also covered based on the end-users segment which is further split into Carrier Ethernet, Data center and Enterprise and Campus.
Factors like increasing use of cloud-based services in a wide range of end-user segments and growing demand from different industry verticals support the ethernet switch market growth. The performance of ethernet switch market has also been studied for the past and current years. Additionally, the ethernet switch market report provides analysis of these segments. The ethernet switch market segmental analysis provided in the report offers major details about the ethernet switch market performance and future.
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Geographically, the market is segmented into North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
Regionally, Asia Pacific accounted for the largest market share owing to establishment of major conglomerates in China, Japan, India, and others. It is attributed to growing number of data centers in the region. Increasing application of big data analytics and cloud-based services in various industries of colleges or schools, automotive, and healthcare are expected to encourage the market growth. The expansion of automotive and electronics sectors and the rise in industrialization can influence the market in the region. But lack of skilled personnel for setting up infrastructure can hamper market growth.
Huawei, Brocade Communications Systems, Inc., Juniper Networks, Allied Telesis, Inc., Hewlett-Packard, Alcatel-Lucent, Dell, H3C, D-Link Corporation, Arista, TRENDnet, Inc., and Cisco Systems, Inc. are key players of the global Ethernet switch market. The 100GB capacity of the Ethernet network switches as well as its requirement across geographies and the broadband plans by providers are expected to surge the revenues of players.
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